A RAC is a check or other type of payment that allows you to get your refund money. RAC fees are deducted from the refund amount shown on your return. The fees include charges for tax preparation and a fee for the RAC.
Before you enter into a RAC agreement with a tax preparer, the preparer must give you a written disclosure statement that explains:
~you aren’t required to take a RAC in order to receive your tax refund
~the amount of fees you will have to pay if you take a RAC